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EUR/GBP: main trend is still bearish

EUR/GBP: main trend is still bearish

Information is not investment advice

The main trend is still bearish. The last low has been broken, but there's a 'V-Bottom' pattern, which has been confirmed. Meanwhile, it's likely that the market is going to reach the previously tested support at 0.8483 - 0.8471 once again. The subsequent pullback from this area could be a starting point for an upward price movement in the direction of the nearest important resistance at 0.8616 and the 34 Moving Average.

14-3-2019-EUR-GBP-H4.png

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